Cyber insurance premiums vary widely based on industry, revenue, employee count, coverage limit, customer records stored, and your existing security controls.
Typical industry ranges (annual premium for $1M coverage):
- General professional services, small business: $500–$2,500/year.
- Higher-risk industries (healthcare, finance, legal): 1.5–2.5× the small-business baseline.
- Larger businesses: roughly 0.1–0.5% of annual revenue, increasing with limit.
RMO BizCyber tier pricing:
- BizCyber I: $35/month — foundational data breach notification and cyber liability.
- BizCyber II: $75/month — ransomware protection and forensic investigation.
- BizCyber III: $125/month — comprehensive coverage with PCI compliance.
- BizCyber IV: $200/month — maximum coverage with a full incident response team.
Things that lower your premium: MFA, regular backups, employee security training, and EDR (endpoint detection and response) typically unlock 10–20% discounts. Lacking MFA can disqualify you from many carriers entirely.